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Strategies based on Technical Analysis
This Strategy combines a standard PSAR with a long ADX (used at 50 periods)
The strategy is quite simple. When Parabolic SAR is in the uptrend (indicator is below candles) and ADX.DIPLUS is above ADX.DIMINUS in ADX indicator, the algorithm sends a buy signal, and it sends a sell signal in the opposite case (Paraboic SAR in downtrend and ADX. DIMINUS above ADX.DIPLUS)
The original strategy, taught in many forex courses, has a particular condition to close
. ADX.DIPLUS must be again below ADX.DIMINUS to close the previously opened
and vice versa. I’d prefer to insert a STOP/LIMIT condition, because this algorithm needs to be tested, and it gives some delays with the original system.
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